Rebate debate continues.
Young America has responded to the State of Iowa lawsuit.
As posted on February 9th, the State of Iowa filed a lawsuit against Young America claiming that they are not refunding money to consumers who fill out rebate forms. Young America is now responding to that complaint.
Young America’s Vice President for Shareholder Relations, Roger Anderson , says a company called Affiliated Computer Systems (ACS) has been trying to find companies that are withholding rebates. He says ACS has represented about 45 states that have sought to audit Young America’s records. Anderson says his company has filed a lawsuit in federal court to try and stop the action of the states, saying they’re not a holder of unclaimed property.
Anderson says his company has been checked by Minnesota and Oklahoma and Young America was found to be doing business properly and that they were not a holder of unclaimed property. If they don’t hold the money then who does? Anderson says they’re simply a third-party fulfillment service provider that mails rebate checks for companies. This looks like it could be more than one company that isn’t being trustworthy when it comes to rebates.
Anderson would not divulge any information regarding some of the companies that hire Young America and could possibly be withholding rebates. His comment was, “We don’t take any position regarding our clients and we don’t offer them legal advice.” He says Young America’s position is that they aren’t holding any unclaimed property, and he says they leave it up to their clients to determine if the clients are withholding rebates. He says, “Many of those clients may already be remitting to the states for unclaimed property.”
Iowa’s Treasurer says there are over $400-thousand in unclaimed nationwide rebates due to Iowans.
It could be that Young America is innocent; if so, who does have this money that consumers have claimed and not received? That is what we consumers want to know. Perhaps the lawsuit Iowa has filed will bring this to light, then we can receive our rebate.
In the meantime, if there is the possibility that a state owes you money, you can do a search with www.CashUnclaimed.com. The search will uncover money due to you and how to claim it.
